The Real Deal New York

Pierre hotel penthouse could top market at $120M

The co-op apartment of Martin Zweig, the late investor who predicted the 1987 stock market crash, is about to hit the market and could bring $120 million or more, a source told the New York Post.

The 12,000-square-foot triplex penthouse is in the Pierre hotel at 795 Fifth Avenue. Its features include nine bedrooms, four terraces, six fireplaces, heated marble floors and a “grand salon” — a cavernous former hotel ballroom with 23-foot ceilings.

If the apartment lists for $120 million, it would be New York City’s most expensive listing. A commercial building at 66 East 11th Street is primed for residential conversion; the Greenwich Village structure, being marketed by Douglas Elliman’s Dolly Lenz, is listed at $120 million, according to Streeteasy.com.

Right now, there are two listings for $95 million each — one at the Sherry Netherland and the other at 15 Central Park West.